The rolling hills and woodlands at one of Canada’s top courses, Beacon Hall Golf Club in Aurora, Ont., may soon be turned into a suburban Toronto housing development, a prospect that divides the club’s members.
Beacon Hall, home to an 18-hole golf course that routinely ranks among the country’s top 10, told members on Monday that an unnamed real estate developer offered to buy the 200-acre property for $250-million.
The private club’s 260 members, most of whom work on Bay Street, are scheduled to vote on the offer in February after an often acrimonious three-year debate that pitted those who wanted to keep playing golf against members who wanted to cash in and share the proceeds – a $960,000 windfall per member – or at least gauge what the property is worth. Selling the club requires approval from two-thirds of members.
Andrew Willis has more HERE for the Globe & Mail.